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JPMorgan Adds Fabrinet To Focus List After Stock's 30% Decline
Thursday, June 1, 2017 - 11:57am | 332The valuation of Fabrinet (NYSE: FN) led JPMorgan to add the tech manufacturer to the firm's focus list Thursday. JPMorgan has an Overweight on Fabrinet and raised their price target on the stock from $55 to $57. “We believe the recent sell-off (down 28 percent since Feb. 21 peak/S&P...
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Dow Posts Triple-Digit Point Gain; S&P 500 And NASDAQ Also Higher As Global Concerns Calm
Monday, August 18, 2014 - 4:59pm | 2150U.S. stocks gained as geopolitical tension eased as the Nasdaq finished the day at a 14-year high. Russia stated that it settled a dispute over a humanitarian aid convoy to Ukraine while a five-hour meeting between officials of both countries may have brought about moderate progress. In Iraq...
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Deutsche Bank Maintains Buy on Fabrinet
Tuesday, May 31, 2011 - 8:14am | 125Deutsche Bank is out with its report today on Fabrinet (NYSE: FN), maintaining Buy. In a note to clients, Deutsche Bank writes, "We had the pleasure of hosting FN's CFO Mark Schwartz on the road this week for investor meetings. The meetings left us incrementally more positive on FN, despite a...
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Morgan Stanley Reiterates Equal-Weight On Fabrinet (FN)
Tuesday, May 3, 2011 - 6:31am | 124Morgan Stanley maintained its Equal-weight rating on Fabrinet (NYSE: FN) in a research report published today. In the report, Morgan Stanley states, "We believe FN remains well positioned as essentially the only player in the high complexity EMS segment and should therefore benefit from growth in...
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Deutsche Bank Lowers PT On Fabrinet To $24
Friday, March 18, 2011 - 9:26am | 171Deutsche Bank has published a research report on Fabrinet (NYSE: FN) as the company experiences a push-out on demand concerning optical space. In the report, Deutsche Bank writes "We are reducing on estimates and price target on Fabrinet based on what we view as a near-term push out of demand in...
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Morgan Stanley Assumes Coverage Of FN
Wednesday, March 16, 2011 - 8:05am | 95Morgan Stanley is assuming coverage of Fabrinet (NYSE: FN) from its Asian colleagues, maintaining our Equal-weight rating, and updating our estimates for FQ2 actuals resulting in a new base case of $21.50.” “While we believe FN remains well positioned as essentially the only player in the high...
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Deutsche Bank Raises Fabrinet Estimates, Price Target
Tuesday, November 2, 2010 - 8:03am | 119Fabrinet (NYSE: FN) reported strong results, beating forecasts and expectations, Deutsche Bank reports. Guidance was also higher, but implies a modest decline at the mid-point. “FN is seeing stable demand from customers and no slowdown in orders, despite comments out of optical end customers that...
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Fabrinet Hosts Tech Conference With Deutsche Bank
Wednesday, September 15, 2010 - 7:35am | 154Fabrinet (NYSE: FN) reports that demand trends are staying positive and Fabrinet is seeing strong demand in Optical Components as well as Laser and Sensor markets, Deutsche Bank reports. According to Deutsche, Optical Components is expecting to grow 13-14% over the next few years, while Laser and...